The National Bureau of Statistics (NBS) has revealed that Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion.
The NBS made the revelation in its Nigerian Domestic and Foreign Debt report for Quarter Four, 2020, obtained from its website in Abuja on Monday.
The debt profile according to the NBS was for the States and the Federal Government.
It explained that, Nigeria’s total public debt showed that N12.71 trillion or 38.60 per cent of the debt was external, while N20.21 trillion or 61.40 per cent of the debt was domestic.
“Further disaggregation of Nigeria’s foreign debt showed that 17.93 billion dollars of the debt was multilateral, 4.06 billion dollars was bilateral from the African Development Bank, Exim Bank of China, Japan International Cooperation Agency, India and KFW.
“Meanwhile, 11.17 billion dollars was commercial which are Eurobonds and Diaspora Bonds and 186.70 million dollars as Promissory notes.”
The report said that the total States and Federal Capital Territory domestic debt was put at N4.19 trillion with Lagos State accounting for 12.15 per cent of the debt stock.
Jigawa, the NBS said, had the least debt stock in this category with a contribution of 0.74 per cent.